DeGRAM | GOLD broke the structure
GOLD is under the descending channel between the trend lines.
The price dropped below the mirror support level and now it acts as resistance.
The chart forms a descending structure.
We expect a correction from the channel border.
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The price dropped below the mirror support level and now it acts as resistance.
The chart forms a descending structure.
We expect a correction from the channel border.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Note
GOLD returned to the descending channel and consolidated above the trend line.
The chart has already reached the support level, which was a rebound point.
We expect the rebound to continue.
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